You Searched For "petroleum" and got 20 results
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2 mins read
LNG, which will fuel a third of India's heavy duty trucks soon, has a 30% bigger greenhouse gas footprint than coal: study
According to a draft policy by the Ministry of Petroleum and Natural Gas, India plans to fuel a thi…
PTI
5 mins read
BPCL planning Rs 1.7 lakh crore spend to expand core business, new energy foray over next five years
The firm is now implementing the first phase of a multi-decade aspirational journey in the form of …
PTI
2 mins read
India's exports to Kuwait surged by 34.78% Y-o-Y to USD 2.1 bn
India's trade with Kuwait has surged remarkably, with Indian exports to the Gulf nation reaching an…
ANI
2 mins read
Warren Buffett's $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low
The $55 to $60 level has acted as a floor for Occidental Petroleum stock since Buffett started buyi…
Matthew Fox
1 min read
India advanced from 10th place in 2014 to become 5th largest economy in 2019: Petroleum minister Hardeep Singh Puri
Petroleum minister Hardeep Singh Puri highlighted India's economic growth under Prime Minister Modi…
PTI
1 min read
India slashes windfall tax on crude petroleum
The central government has reduced windfall tax on crude petroleum, according to a government notif…
ANI
1 min read
BPCL shares rally 5% after earnings announcement
On the NSE, it climbed 5 per cent to Rs 621.95. BPCL on Thursday reported a 30 per cent fa…
PTI
1 min read
Govt hikes windfall tax on crude petroleum, cuts levy on diesel
The government has hiked windfall tax on domestically produced crude oil to Rs 4,600 per tonne from…
PTI
1 min read
India's petroleum product sales hit seven-month high in December
India's consumption of petroleum products rose to a seven-month high in December to about 20.05 mil…
1 min read
India's petroleum products demand to increase mid-single-digit percentage in 2023-24: Fitch
India's demand for petroleum products is likely to increase by a mid-single-digit percentage in the…
ANI
2 mins read
IOC Q2 net profit jumps to Rs 12,967 cr; half yr profit tops best-ever full-year earning
State-owned Indian Oil Corporation (IOC) on Tuesday reported a return to profitability with a net p…
PTI
1 min read
Govt cuts windfall tax on domestic crude, export of diesel, ATF
The government on Tuesday cut special additional excise duty (SAED) on crude petroleum to Rs 9,050/…
PTI
3 mins read
Warren Buffett may help Occidental Petroleum pay for a potential $10 billion takeover. Here's what's fueling the speculation.
Buffett-backed Occidental is reportedly among the top bidders for CrownRock, raising the prospect i…
Theron Mohamed
1 min read
The fire at a Marathon Petroleum factory in Garyville, Louisiana, can be seen from space
Marathon Petroleum said it's doing everything it can to put out the fire in Garyville, Louisiana, a…
Grace Eliza Goodwin
2 mins read
The Strategic Petroleum Reserve 'would be harder to use,' and the only buffer for oil markets is Middle East production, energy expert says
The Strategic Petroleum Reserve currently sits at 40-year lows at 351 million barrels, according to…
Aruni Soni
4 mins read
BPCL swings to profit of ₹10,644 cr in Q1 aided by freeze on retail selling prices
The consolidated net profit of ₹ 10,644.30 crore in April-June (first quarter of current 2023-24 fi…
3 mins read
IIT Madras researchers devise method to detect petroleum
The Indian Institute of Technology (IIT) Madras researchers have developed a statistical approach t…
ANI
1 min read
OPEC Plus will continue oil output cuts as prices remain unchanged
OPEC described the move as aiming to "achieve and sustain a stable oil market, and to provide long-…
ANI
2 mins read
ONGC to invest ₹1 lakh cr in energy transition, targets net-zero by 2038
Net-zero for a company means achieving a balance between the quantum of greenhouse gases it pla…
PTI
1 min read
Petrol export by OMCs rose 142% between 2020-21 and 2021-22
The export of petrol by Indian oil marketing companies (OMCs) rose 142% in a year between 2020-21 a…